Hawker Beechcraft and InterGlobe sign sales and service agreement for India

20 June 2007

The agreement becomes effective July 1, 2007.

"InterGlobe is a leading integrated travel and technology company with a long history of delivering superior services to the Indian market," said Ted Farid, vice president of New Business Development for Hawker Beechcraft Corporation. "Their experience with several major international airlines and the fact that InterGlobe owns India's fastest growing low-fare carrier IndiGo, makes them uniquely qualified to support our efforts to further expand our presence in the Indian subcontinent."

"HBC has historically held about 60 per cent market share of turbine business aircraft in the Indian market," said Jim Schuster, Hawker Beechcraft Corporation chairman and CEO. "We wanted to be partnered with the right people in India who share our customer-focused values and have the right presence, access and capital to help us expand our footprint and grow our market share."

InterGlobe's chairman, Kapil Bhatia, said in a message from India, "I am confident of the success of this new business as it provides us with the ideal opportunity to combine our decades of experience in sales and support with our knowledge of the world of aviation."

Established in 1989, travel conglomerate InterGlobe Enterprises enjoys a significant presence in the fields of aviation management, travel related services, travel technology, travel distribution services and hotel development and management services.